If you lose your Sim card which is registered with your niyox bank or your Sim got cloned by anyone. Means your whole money Gone parked in niyox bank account.
Only by sim card you can reset your password without any second level security information.
Means if you find a sim card and the same no. Is Registered with niyox bank account, whole money will be yours even if you do not know Who belongs to that account.
Please make it more secure to reset the password for App and NetBanking. It should need multiple information to reset password so only individual can reset the password.
Unless I feel so insecure to park my money in niyox bank account.